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  3. a company's income statement showed the following:

A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain...

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Accounting

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A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. $141,000. $167,000. $155,000 $139,000. $145,800

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